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Now they tell us.......But we knew all this
DIDNT WE?
Over at the Washington Post, Neil Irwin explains that just how disappointing this recovery has been:
This economic recovery has been a big disappointment relative to what the United States has usually experienced after a recession. Growth has been 9 percent below what was seen in past recoveries on average in its first three years. The CBO report tries to disentangle where that underperformance is coming from and its answer is deeply unsettling: The U.S. economy just isn’t as good at growing as it used to be.
The new CBO report claims that two-thirds of the underperformance of the economy over the past three years compared to a typical recovery is due to a slower rate of growth in potential GDP. Only one-third, in this analysis, is due to factors related to this recession.
The Congressional Budget Office’s chart, on the cover of a recent report, makes this clear:
http://www.washingtonpost.com/blogs/wonkblog/files/2012/11/cbo_recovery_chart1.jpg
Irwin concludes:
So what the CBO study is really saying is that there remains a gigantic cyclical gap in the U.S. economy, and this recovery has been awfully slow. And it has also occurred at a time when our potential economic growth isn’t rising as fast as it used to, mainly for reasons unconnected to the unique impact of the financial crisis. And while both those trends are big, the second one is bigger than the first.
This conclusion includes two pieces of bad news: The economy has not recovered its lost output from the recession, and the economy seems to have settled in a pattern of lower growth (certainly lower than this country has experienced in the past). How long will that last? Unfortunately, I am worried that this slow growth — which is the product of the joint legacy of big-government policies of the Bush and Obama administrations – is here to stay until we finally reduce the size of government. For evidence that when government spending grows, the economy shrinks, see here, here, and here.
The other bad news, I guess, is that without real reforms of the programs that are the drivers of our long-term debt, things will get worse before they get better. Sadly, it looks like the kind of policy prescriptions that Congress and the president seem likely to adopt (more spending and more taxes) are exactly the kind of policies that will make things worse in the short and long term. That’s unfortunate considering that we know what successful fiscal adjustments look like and what types of policies should be implemented to get there.
NIGGER MAN says Chrysler "hires" 1400 "people
We are so happy, dance a JIG of JOY
Oh......and Hostess isnt on the list
Yes, we ALL know, the WHOLE list that follows
Are RACIST companies, run by Greedy Romney wanna beez......intent on HURTING OBAMA, only cause Obama is BLACK........and had Romney WON, they all would have HIRED tens of thousands of people, hundreds of thousands of people
partial list of the business reactions to the outcome of the election:
Layoffs Announced Since Election:
•1. Abbott Labs 700
•2. Activision 30
•3. Adventist Health 48
•4. Airlines SAS 6000
•5. AMD 400
•6. American Cotton Growers 110
•7. ArcelorMittal 20
•8. American Independence Museum 4
•9. Ameridose 790
•10. American Airlines 4400 + 800 leaving voluntarily
•11. American Coal 54
•12. Atlantic Lottery Corporation 16
•13. Assc Milk Producers 130
•14. Aveo Oncology 45
•15. ATI 172
•16. Bankia 5000
•17. Bechtel Power Corp 277
•18. Bigpoint Games 47
•19. Boston Scientific 1200
•20. Brake Parts LLC 75
•21. Brattleboro Retreat 31
•22. Bristol Myers 500
•23. Career Education 900 + Closing 23 Campuses
•24. Cigna 1300
•25. Citigroup 100
•26. Commerzbank 6000
•27. Consol Energy in W.V. 145
•28. Covidien 595
•29. Crouse Hospital Syracuse NY 70
•30. Cummins 150
•31. CVPH 27
•32. DEP in Tallahassee FL 15
•33. DuPont, Co. 64
•34. Eagle-Tribune, Andover 21
•35. Emanuel Medical Cente 24
•36. Energizer Holdings 1500
•37. Ericsson 1550
•38. Exide Tech, Laureldale 150
•39. City of Findlay, OH 39
•40. First Energy 400
•41. Gameforge Berlin 20
•42. Gamesa Energy 92
•43. GenOn Energy Inc 33
•44. Glen Falls Hospital 29
•45. Groupon 80
•46. GT Advanced Tech 165
•47. Harris' Broadcast 17
•48. Hawker Beechcraft 400 + Facilities closing
•49. Hill Rom 200
•50. Hills Holdings 300
•51. HMX Group 567
•52. Hostess 627
•53. Iberia Airlines 4500
•54. ICM of Colwich 25
•55. ING 2350
•56. Judson University 21
•57. Juniper Networks 500
•58. Kaiser Permanente 84
•59. Kinetic Concepts 427
•60. Kratos Defense Security 125
•61. Lackawanna County PA 11
•62. Lightyear Network Solutions 12+
•63. Lonza 500
•64. Majestic Star Casino/hotel 80
•65. Major Wind Company 3000
•66. Martha Stewart Living 70
•67. Medtronic 1000
•68. Mills Manufacturing NC 68
•69. Momentive, Inc. 150
•70. Monitor Group 235
•71. Montco Behavioral Health/Dev 58
•72. NBC 500
•73. Nebraska Medical Center 38
•74. Neovia Logistics Services 52
•75. New Energy 40
•76. Ormet 200
•77. Panasonic 10000
•78. PayPal 320
•79. Penn Refrigeration 40
•80. Penske Logistics 50
•81. Pepsi 4000
•82. Philips Electronics 218
•83. Pierce Mfg 325
•84. Pratt & Whitney Rocketdyne 100
•85. Research in Motion 200
•86. Rheem Manufacturing 50
•87. Sentry Foods 70
•88. Shaw's Supermarket 700
•89. Shawano foundry WI 90
•90. Smith & Nephew 770
•91. Smithfield Packing Co. 125
•92. Solel Solar Systems 140
•93. Southeastern Container 15
•94. SpaceX 100
•95. SRA Intl Inc 222
•96. St. Jude Medical 300
•97. Stryker 1170
•98. Sulake 60
•99. Sun Media 500
•100. TE Connectivity 620
•101. TECO Coal Corporation 90
•102. Texas Instruments 1700
•103. The Providence Journal Co 23
•104. TMX Group Ltd. 100
•105. Turbocare 220
•106. Turkey Point Nuclear Plant 277
•107. Oce North America, Inc. 135
•108. Turbocare OCE 220
•109. UBS 10000
•110. US Cellular 980
•111. UtahAmerican Energy Inc 102
•112. Volvo Trucks Pulaski County 300
•113. Wake Forest Baptist Medical 950
•114. Welch Allyn 275
•115. West Ridge Mine 102
•116. Westinghouse 50
•117. World Media Enterprises Inc 105
•118. WPS Health Insurance 600
•119. Wright Patterson AFB 115
•120. Wyodak Coal Mine 11
•121. Xerox 2500
•122. Yakima Reg Med Ctr Washington 10+
Announced Business Closures Since Election:
•1. Bakers Footwear closing 150 stores nationwide, including 21 in California
•2. The SCA plant in Barton - Plans Staff Reductions
•3. Handy Hardware to close its 2-year-old Meridian, Miss. warehouse
•4. Caterpillar Inc. will close its plant in Owatonna Minn.
•5. Waltz Pharmacy in Waldoboro Maine
•6. Zac's Place in Hinsdale IL
•7. Lone Star Steakhouse at 70th and O streets and Ruby Tuesday at 56th Street in
•8. Lincoln NE
•9. Career Education Corp - Closing 23 Campuses - 900 Jobs Lost
•10. Handy Hardware to close its 2-year-old Meridian, Miss. warehouse
•11. Shamrock Bar at Payne City's Rose Avenue. in GA
•12. Monitor Company Group LP
•13. ThinkEquity LLC
•14. Homer City Funding LLC
•15. Caterpillar Inc. will close its plant in Owatonna Minn.
•16. Mount Pleasant's Albrecht Sentry Foods
•17. The Target store at Manassas Mall Va.
•18. Millennium Academy in Wake Forest NC
•19. Target Closing Kissimmee FL Location
•20. Calgary's iconic Rideau Music store ( International )
•21. The Andover Gift Shop in Andover MA
•22. Grand Union Family Markets Closing Storrs Location CT
•23. Movie Scene Milford Location NH
•24. Update: TE Connectivity Closing Greensboro Plant - 620 Layoffs Expected
•25. Gomer's Fried Chicken in South Kansas City
•26. Kmart in Homer Glen
•27. Fresh Market on Pine Street in Burlington
•28. AGC Glass North America to permanently close its Blue Ridge Plant in Kingsport Tenn.
•29. The Target store at Platte and Academy in Colorado Springs
•30. Island Colors - A Carolina Beach Clothing Store
•31. The Roses store on Reynold Road in Winston-Salem NC
•32. Meanders Kitchen losing its West Seattle location at 6032 California Ave
•33. Bost Harley-Davidson at 46th Avenue North and Delaware Ave. in West Nashville TN
•34. Townsend Booksellers in Oakland
•35. The Kmart store in Parkway Plaza off University Drive in Durham NC - 79 Jobs Lost
•36. Guarantee Shoe Store in Beaumont Texas
•37. Associated Milk Producers Inc. Closing manufacturing facility in Dawson Minn. - 130
•38. Jobs Lost
•39. FacadeTek Inc Closes Whitestown Facility - 72 Jobs Lost
•40. Comet Market in Punxsutawney Pa.
•41. JC Penney store in Miracle City Mall Titusville FL
•42. TurboCare Inc Closing Manchester CT Facility - 88
•43. The United Colors of Benetton store on Armitage Avenue IL
•44. Update: Bicycle shop Ten 27 Cycles 1027 Davis St. in Evanston IL
•45. Two Sears Product Rebuild Centers in The Woodlands Texas
•46. FesslerUSA Clothing Maker Closing in PA
•47. Ralph Lauren's plans to close its 14 stand-alone Rugby locations
•48. Nashville Sash & Door Co. Inc Tenn.
•49. First Portuguese church in North America in Bedford Mass Closing?
•50. International Fashions in Carbondale's University Mall IL
•51. Harper's Old Army Surplus Store in West Monroe La
•52. Nova Financial Holdings
•53. The Party Warehouse in West Springfield Mass.
•54. TLC Wine and Liquor at 1205 W. Main St in Kent Ohio?
•55. The HAPPY Place 1042 N Coast Hwy, Laguna Beach, CA
•56. Air Carrier Accessory Services - Chapter 7
•57. SOW Inc. shelter on South Broad Street GA?
•58. Systemax Inc., Closing Miami County Ohio Computer Plant - 120 Jobs Lost
•59. Textbook publisher McGraw-Hill Cos. Closing 2 Distribution Centers - 166 Layoffs
•60. First Place Financial Corp
•61. Nash Finch Closing Cedar Rapids Iowa Food Distribution Center
•62. Johnnie's Foodmaster MA Closing all 10 Locations
•63. Rainbow Foods will be closing its Forest Lake location MN - 59 Layoffs
•64. Berry's Camera Shop Inc. in Downtown Lafayette
•65. Schreiber Foods to close their food packaging plant in Ravenna - 70 Jobs Lost
•66. Kmart store at 5300 Salem Ave. Trotwood Ohio
•67. Mr.Christie plant in Toronto ( International ) 2013 - 550 Jobs Lost
•68. Coffee with T cafe in Stevenson Village business MD
•69. Minas Basin Pulp and Power are closing a mill in Hantsport ( International ) - 135
Actual Layoffs:
•1. The Colonial Country Shoppe on Park Street in Adams MA
•2. Vestas Wind Systems Closing R&D; Office in Louisville - 60 Jobs Lost
•3. Dollar Castle in downtown Ferndale MI
•4. Bistro One West in St Charles IL
•5. Sun Dog Diner in Neptune Beach FL
•6. Jim's Builders Hardware in Wichita, Kansas
•7. Madeleines Bakehouse in Fort Wayne Indiana
•8. Barnes & Noble plans to close its doors in Union Station Dec. 31
•9. The Semiahmoo Hotel in Blaine Washington
•10. Highland Curves CA
•11. The Salem Sport Shop in Salem Ohio
•12. Navistar International Corp. to Close truck assembly plant in Garland, Texas - 900
•13. Jobs Lost
•14. Divine Mercy Catholic Books & Gifts Denton Texas
•15. Singer Mental Health Center in Rockford IL
•16. Garelick Farms Ends Production at Bangor Maine Facility
•17. Fashion Tech Window Coverings in Portland?
•18. Custom House Tavern Chicago IL.
•19. Jim's Builders Hardware in Delano
•20. Lone Star Steakhouse at 1801 22nd St. in West Des Moines
•21. Sears to Close Woodlands Product Rebuild Center - 117 Jobs Lost
•22. Whitehead Inc Rockford Real Estate Company
•23. Robert's Mens Shop in Downtown New Philadelphia Ohio
•24. Fort Tecumseh Olde Fashun Store in Ohio
•25. Lakewood Beginnings Child Development Center in Lakewood Ohio
•26. Green Fields Seed & Feed in Grand Junction Colo.
•27. The Army and Navy Store in Melrose Mass.
•28. Vitalistic Therapeutic charter school PA
•29. Diamond Foods Inc Closing a plant in Fishers Indiana
•30. Old Town Alehouse 5233 Ballard Ave in Seattle
•31. Space Aliens restaurants in Minot and Grand Forks ND
•32. DeWaay Financial Network LLC
•33. Sears at Quail Springs Mall Oklahoma City OK.
•34. Fashion Bug in O'Fallon MO is closing in January
•35. Kmart Store in Oak Hill W. Va
•36. Update: Jett & Hall men's clothing store in Richmond KY
•37. D.C. school List of Possible Schools Closing to Be released Later today
•38. Dunkin' Donuts in Holly Hill FL
•39. Hostess Brands Inc Permanently Closing 3 Bakeries Following a Nationwide Strike
•40. Philips Electronics subsidiary Lightolier will close its local fluorescent light
•41. fixture manufacturing plant in Willington
•42. Smithfield Packing Co. will close in 2013, laying off a total of 400 employees
•43. SuperFresh outlets in Marlton and Westmont NJ
•44. The Bagel Shoppe in Katonah NY
•45. Ben Franklin and Homestead House Gifts in the Kimball Ridge Center in Waterloo IA
•46. Several West Virginia Suzuki dealerships Being Forced to Close
•47. Kowalski Cos Closing All 4 of its Metro Detroit Delis but to Continue Food
•48. Production
•49. Three Memphis charter schools and one in Nashville Tenn. Could Close Due to Poor
•50. Test Scores
•51. The Custer School District SD - Closing 2 Rural Schools
•52. The Dressing Room, on North Lincoln Avenue IL
•53. The Utica Office Of Ibope Ny
Bankruptcies:
•1. AMF Bowling Worldwide Inc
•2. Aletheia Research & Management Inc
•3. Omtron USA
•4. Helmkampf Construction in Olivette
•5. Clear Light Publishers
•6. Monitor Company Group LP
•7. ThinkEquity LLC
•8. Homer City Funding LLC
•9. US Suzuki Distributor - Chapter 11
•10. Revolt Technology
California will soon be charging us to breathe.
California will soon be charging us to breathe.
The middle class decides to tax the upper class.We are doomed, but that's the product of a our party system. We've done it to ourselves. The entitlement aspect of our population has just decided to raise taxes, not on themselves, but on their neighbors.
Well, I had no idea that K-Mart stores were closing across the country, so I looked it up. They've been closing hundreds of stores since 1994.
Well, I had no idea that K-Mart stores were closing across the country, so I looked it up. They've been closing hundreds of stores since 1994.
Oh, really?Shut up dunce, it's the entitlement class who decided to tax their neighbors. They are the biggest consumers of the private wealth confiscated by the government.
So you're saying that the class of people who draw on social programs are the biggest consumers of that portion of tax dollars going to social programs.The private wealth devoted to applicable social programs, unimaginative clown.
I'm saying they don't pay the taxes that support their welfare programs. Get it?
If they were paying enough in taxes to compensate for their benefits they wouldn't have qualified for benefits in the first place, would they?
If they were paying enough in taxes to compensate for their benefits they wouldn't have qualified for benefits in the first place, would they?
California will soon be charging us to breathe.
We are doomed, but that's the product of a our party system. We've done it to ourselves. The entitlement aspect of our population has just decided to raise taxes, not on themselves, but on their neighbors.